The Entire System of Policies, Procedures, and Guidelines Established by an Organization

question 25

Multiple Choice

The entire system of policies, procedures, and guidelines established by an organization to achieve and maintain quality is called

• A)quality control
• B)quality engineering
• C)quality assurance
• D)Both quality control and quality engineering are correct.

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Definitions:

Trade Discount

A reduction granted by a supplier on the list or catalog prices of goods or services, often based on the volume of transactions.

Trade Discount

A reduction in the retail price of goods, granted by the wholesaler or manufacturer to the retailer for the purpose of resale.

Trade Discount

A reduction from the list price granted by a seller to a buyer, typically for bulk purchases or to business customers in a particular industry.

Trade Discount

A reduction in the listed price of goods or services, offered by sellers to buyers in the business-to-business market.